Interest rates and home ownership continue to be in the news. We have been observing a couple of weeks of record low interest rates. To put it into perspective, in 1982, 30 year fixed rate loans were at 16.02%. The trend over the last 30 years has been downward from that high, down to 3.92% in the first quarter of 2012. The average annual rate has been 8.32% over the past 30 years. [source Freddie Mac].
So what does this mean for home ownership? It means that with careful selection of a home, through the recommended use of a qualified realtor; as well as working with a good loan officer --an individual can maximize the current prices on homes as well as leverage the low interest for the purchase.
RE/MAX Professionals real estate brokerages employ full time, highly productive, experienced and educated brokers focused on serving their real estate clients and communities at the highest possible level to create the best possible result...even in these rapidly changing times and economy. We provide accurate, detailed information, data and advice so that our clients make informed decisions. We're committed to life long relationships founded in integrity and mutual respect. We're here to help...at all stages in all situations.
Approaching bad weather always produces a run on certain items. Incomi
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